Updated October 5, 2026
How Much Do Property Managers Charge? (2026 Oklahoma Guide)
Key Takeaways
- Monthly management fee: most property managers charge 8% to 12% of the rent they collect. A flat $100 to $200 per month is the common alternative.
- Leasing fee: placing a new tenant usually costs 50% to 100% of one month's rent, on top of the monthly fee.
- Total cost: once leasing, renewal, and add-on fees are counted, owners typically pay 15% to 25% of a year's rent in a year with a new tenant, and less in a renewal year. Compare total cost, not the headline percentage.
- In Oklahoma City: the typical three-bedroom home we manage rents for about $1,500 a month. At 1907 Property Management, managing that home costs $122.50 to $227.50 a month, depending on the plan.
Short answer: property managers usually charge 8% to 12% of monthly rent, plus a tenant placement fee of 50% to 100% of one month's rent when they fill a vacancy. Lease renewals, inspections, and evictions are often billed separately, so the real cost depends on what each plan includes.
This guide from 1907 Property Management, an Oklahoma City property management company, breaks down every common fee, what Oklahoma City owners actually pay, and the questions to ask before you sign a management agreement.
Typical Property Management Fees at a Glance
| Fee | Typical range | What it covers |
|---|---|---|
| Monthly management fee | 8%–12% of collected rent, or $100–$200 flat | Rent collection, tenant communication, maintenance coordination, owner statements |
| Tenant placement (leasing) fee | 50%–100% of one month's rent | Marketing, showings, screening, lease signing, move-in inspection |
| Lease renewal fee | $100–$300, or a small percentage of rent | Rent review, renewal paperwork, signing |
| Setup or onboarding fee | $0–$500, one time | Account setup, property walkthrough, documentation |
| Vacancy fee | $0, or a reduced monthly fee | Oversight while the home is empty (many managers charge nothing) |
| Maintenance markup | 0%–10% of repair invoices | Coordinating vendors on repairs, sometimes larger projects only |
| Eviction coordination | $250–$500+, plus court and attorney costs | Notices, filing coordination, court appearances |
| Late fee split | 25%–100% of tenant late fees kept by the manager | Collections follow-up |
Ranges vary by company and market. The monthly percentage is the number everyone compares, but the placement fee and the add-ons usually decide which manager actually costs less.
How Much Do Property Managers Charge in Oklahoma City?
Oklahoma City-area managers generally price within the national ranges above. Because rents here are lower than in many large metros, a few dollars per month in fees is a larger share of the rent, so it pays to look at the dollar amount and not just the percentage.
For context, the median rent for the three-bedroom homes we manage in the metro was $1,500 a month in October 2026. At 10% of rent, that's $150 a month, or $1,800 a year, before any leasing or renewal fees.
Not sure what your home would rent for? Get a free rent estimate in under a minute, or read how to price an Oklahoma City rental.
What 1907 Property Management Charges
We use a small flat base fee plus a lower percentage, with three plans that differ in which extras are included versus billed separately:
| Fee | Bronze | Silver | Gold |
|---|---|---|---|
| Monthly fee | $79 + 2.9% of rent | $79 + 5.9% of rent | $79 + 9.9% of rent |
| Tenant Placement Fee | 69% of one month's rent | 59% of one month's rent | 59% of one month's rent |
| Bi-Annual Inspection / HVAC Tune-Up | $175 | Included | Included |
| Lease Renewal | $100 | $100 | Included |
| Evictions | $250 | Included | Included |
| Lease Break Guarantee | Included | Included | Included |
| Landlord Protection Program | Not included | Not included | Included |
| 21-Day Leasing Guarantee | Included | Included | Included |
| Contract Buyout (up to $500) | Included | Included | Included |
Every plan includes tenant placement and screening, professional listing photos, move-in and move-out inspections, monthly rent collection, 24/7 maintenance coordination, owner accounting and statements, direct deposit, and a 24/7 owner portal. Gold also includes our Landlord Protection Program. See the full pricing breakdown for every detail.
Worked Example: A $1,500/Month Home in Oklahoma City
Here's what each plan costs over a year for a home renting at $1,500 a month. A year with a new tenant includes the placement fee; a renewal year includes the renewal fee instead. Percentages are of the year's rent ($18,000).
| Plan | Monthly fee | Placement fee | Year with a new tenant | Renewal year |
|---|---|---|---|---|
| Bronze | $122 | $1,035 | $2,505 (14%) | $1,570 (9%) |
| Silver | $168 | $885 | $2,895 (16%) | $2,110 (12%) |
| Gold | $228 | $885 | $3,615 (20%) | $2,730 (15%) |
Bronze's bi-annual inspections are billed per visit and aren't included above. Silver and Gold include them along with evictions, and Gold also includes lease renewals and the Landlord Protection Program.
Percentage vs. Flat Fee vs. Base-Plus-Percentage
- Percentage of rent: the manager earns more when your rent is higher and nothing when rent isn't collected, which aligns incentives. It costs more on higher-rent homes.
- Flat monthly fee: predictable, and often cheaper on expensive homes. Check what happens when the home is vacant or rent goes unpaid.
- Base plus a percentage: a small fixed fee with a lower percentage, which is how our plans work. It keeps costs reasonable on the moderately priced homes common in the Oklahoma City metro.
Fees to Ask About Before You Sign
- Is the monthly fee charged on rent collected or rent due?
- What exactly does the placement fee cover, and is there a guarantee if the tenant leaves early?
- Is there a fee to renew a lease, and how is the renewal rent decided?
- Do you mark up repair invoices? Is there a dollar limit before you ask my approval?
- What do you charge while the home is vacant?
- What does an eviction cost, and who handles the court process?
- Is there a cancellation fee or a minimum contract term?
For more questions to ask, see our guide to choosing a property management company in Oklahoma City and the warning signs of a bad property manager.
Is a Property Manager Worth the Cost?
For many owners, yes: a good manager shortens vacancies, screens out costly tenants, keeps the home maintained, and keeps you compliant with Oklahoma landlord-tenant law. One avoided month of vacancy or one avoided bad tenant often covers a year of fees. If you're weighing it, read hiring a property manager vs. self-managing.
Frequently Asked Questions
How much do property managers charge per month?
Most charge 8% to 12% of the rent they collect each month, or a flat $100 to $200. At 1907 Property Management, plans are $79 plus 2.9%, 5.9%, or 9.9% of monthly rent.
What is a normal tenant placement fee?
Tenant placement or leasing fees typically run 50% to 100% of one month's rent and cover marketing, showings, screening, and lease signing. Ours is 69% of one month's rent on Bronze and 59% on Silver and Gold.
What percentage of rent goes to a property manager in total?
Counting the monthly fee, leasing, and add-ons, owners commonly pay 15% to 25% of a year's rent in a year with a new tenant, and roughly 8% to 15% in a year when the tenant renews.
Are property management fees tax deductible?
For rental property, management fees are generally deductible as a rental expense. Check with your tax professional about your situation.
Do property managers charge when the home is vacant?
It varies. Many percentage-based managers charge nothing while the home is empty because there's no rent to take a percentage of. Some charge a reduced vacancy fee. Ask before you sign.
How much does it cost to manage a $1,500 rental in Oklahoma City?
At 1907 Property Management, the monthly fee on a $1,500 home is $122.50 (Bronze), $167.50 (Silver), or $227.50 (Gold), plus a placement fee when a new tenant moves in.